Market Condition (Uptrend, Downtrend, Under Pressure, Rangebound):
- QQQ Rangebound.
- DJI Uptrend, Broke out today.
- SPX Uptrend. Broke out yesterday.
- RUT Uptrend. Broke out yesterday.
- Bought on the breakout
MISTAKE:
- The attached stoploss expired on the day
- When I added the GTC stop loss, I didn't click "Stop" but clicked "Limit" instead
- STUPID STUPID STUPID.
- Such a stupid mistake. I have a long road ahead if this is the type of low calibre mistake I'm ALREADY making.
- Sold even below market open...
Did the same for FSR, UBER and
- FSR would have been stopped out at time of writing (13/03/2013)
- Uber would be working out nicely and would have taken half off at 60.35
- SBLK would be working out nicely and would have taken half off at 15.92.
Even though I'm net better off that the mistake happened, this doesn't change the fact that I made a mistake in my process. If I said that I didn't make a mistake, that would be a classic example of resulting (Juding the outcome by the result, rather than the process). Good results can be the outcome of bad decisions, and bad results can be the result of good decisions. Aim to always make good decisions only!
Potential Mistake:
- QQQ was rangebound. FSR could have been considered QQQ tech.
- Who's to say Uber isn't also tech, although UBER has reopening theme
- May or may not be hindsight bias
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2021-03-10 09:57:39 | FSR | buy | $24.230 | long |
2021-03-10 16:00:00 | FSR | sell | $24.400 | 0 |
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